Answer: d) None of the above
Explanation:
The profit on the sale is not a referral fee as Joanna did not facilitate a transaction between her clients and the people she bought the products for.
It is not a commission either because it is not a percentage of the products price earned as an incentive or extra fee for selling the products.
Her selling these products is allowed.
The answer is therefore None of the Above.
Answer:
The given condition is an example of:
A. Menu costs
Explanation:
In the given question mentioning data is that
Jake is been managing a grocery store in any country which is experiencing high rate of inflation. He is mentioned to be paid in cash.
On his very payday he went outside immediately and bought as many goods as he could for himself as he was going to get his pay today and was needing those items.
So, he thought of buying all the items he is needing as for the next two weeks in order of prevention of the money in his wallet from losing value due to high inflation rates.
And at last what he couldn't spend on buying for all that amount he converted that amount into most stable foreign currency for being used as a steep fee.
So all this were an example of :
A. Menu costs
Answer:
Gap management is a strategy which every business follows. A business can be successful only if it sets goals for its future.
Explanation:
Gap management is the difference between where an organization stands today and where it wants to be in future. A company's management will set its own targets and then sets position of the company. There are limitation of gap management as there can be targets which are sometimes unachievable or there are some external forces which hinders the business progress.
Answer:
d. Firm A will spend $4,000.
Explanation:
Since Firm B cost of Cleanup before it gets the the river is less than the cost of pollution permits, it will choose to clean up its pollution.
However, since Firm A cleanup cost per ton ($100) is greater than the cost of the pollution permit, it will choose to buy permits.
Maximum Allowable Number of Permits=40
Therefore, Firm A will clean up 10 Tons and dump 40 Tons of Waste.
Cost =(10 Tons *$100)+(40 Tons * $75)
=$(1000+3000)
=$4000.
Firm A will spend $4000.
Answer:
Entries are given below
Explanation:
Calculations
Cash = ($68,000 x 90%) - ($68,000 x 2%)
Cash = $61,200 - $1,360
Cash = $59,840
Loss on sale = ($68,000 + $3,800) - ($59,840 +$5,800)
Loss on sale = $71,800 - $65,640
Loss on sale = $6,160
Entries
DEBIT CREDIT
Cash $59,840
Loss on sale $6,160
Receivable from factor $5,800
Recourse liability $3,800
Receivables $68,000
